Infinity Ward developing an MMO?

According to destructoid industry sources, Infinity Ward’s new game will be an MMO.

We’ve gotten word that IW is hiring people from Sony Online Entertainment, one of which may be the lead designer of EverQuest II, and that a member of Blizzard employees may also be involved to help Infinity Ward get this new title off the ground. Our Intel seems to indicate that Call of Duty will continue as an annual franchise while IW runs this MMO alongside it.